Holy cow someone clean up my checking acct through paypal (**UPDATE**PICS**)

[etalns]

Originally posted by: NeuroSynapsis
my paypal acnt is tied with a checking acnt with exactly 1 dollar

$5.00 here

 

[Supermercado]

Good to hear that you did get your money back.

 

[skace]

There is no way that a party would know how much you would have in your bank account by accessing your PayPal account.

Thats the exact point I was trying to get across by quoting gunfighter. To clean out your entire checking account to the cent, the thief obviously knows a lot more about this person than is readily available. That leads me to believe this person is either incredibly sloppy with their accounts, has been hacked on so many levels its not even funny, or made this scenario up.

 

[GrumpyMan]

What I find interesting is that when the bank took the money back then Paypal immediately tried to get it back through your credit card.

 

[gunf1ghter]

Thats the exact point I was trying to get across by quoting gunfighter. To clean out your entire checking account to the cent, the thief obviously knows a lot more about this person than is readily available. That leads me to believe this person is either incredibly sloppy with their accounts, has been hacked on so many levels its not even funny, or made this scenario up.

Agreed... and for the record I did not know that Paypal was not a bank... but if they are any kind of financial institution then they are bound by certain requirements... I'm pretty sure that western union, etc, are regulated.

 

[tamade]

Hi!! I did not mention that when I said clear out my checking I meant the clear out everything plus more. My account was in the negative on May 30th and I got direct deposit on May 31st so basically I have like a few hundred in there after May 30th. For all of those who still thinks that I deserve this just back off. I don't care what you all really thinks all I care is getting my money back. The reason I am posting is to inform and get solution not speculate.

Paypaldamon
I have to inform my bank because it involve both paypal and my bank. I am glad I did because like bsobel said 10 days is too long. I have $200++ in my checking and tons of bills to pay. Who is going to pay my bill in the mean time? It's my money and I will do whatever it takes to get back my money and my life back asap. Hope you understand.

 

[Entity]

Bleh. I'm tired of hearing stuff like this...just (finally) removed my bank account connection to PayPal.

Rob

 

[NetworkDad]

Originally posted by: Entity
Bleh. I'm tired of hearing stuff like this...just (finally) removed my bank account connection to PayPal.

Rob

Ditto - I verified a separate account with .67 cents in it last year.

 

[Damon]

Hi tamade,

Understood. I am just trying to advise you that it actually might cause you additional issues. Not that the issue isn't resolvable, but filing a claim AND contacting your bank does create returns to PayPal, which will possibly lead to an account restriction. I am simply trying to advise that it is best to be patient because most of these issues are resolved well within 10 days.

 

[BigPotato]

tamade

i bet you a million dollars that if u hadn't posted this here on anandtech for everyone to see and comment, u would not have gotten yhour money back.

u are DAMN lucky.

i've been frauded on paypal and they did nothing to help me. i even showed them proof of delivery as they requested as well.

 

[RossMAN]

PayPal is NOT A BANK!!! do they offer the usual checking/savings products, CD's, or loans? Are they FDIC insured?

I'm not sure what to call them (other than the obvious) but they're more like a financial courier service somewhat similiar to Western Union.

Those of who have a lot of money (over $100) just sitting in your PayPal accounts are just plain %$#@! what happens if/when they collapse and take all your money with them? Unless you funded your account with a cc you probably have no real recourse.

 

[jlee]

I have $3.07 in my checking account, and $3.47 in paypal. I suppose someone *could* steal it...but the 1.5% back on Paypal debit card purchases makes it worth the risk of losing $6..

 

[tamade]

You know what it's the end of paypal for me. I am not even going to go near paypal an inch. As of today my paypal account is restricted and that's fine for me. Eventually I will be closing my paypal account. Thanks

 

[rbhawcroft]

i reasearched paypal for a business plan once and this is it:

visa and mastercard are webs.

at one end is you and your bank and the issuer of your credit card account (paypal here).

at the other end is the issuer of a card/ merchant acc or a bank.

if paypal cant guarantee that you wont be ripped off, then its their problem, the system is their design not yours, and they cant prove that you are cheating them. what the can prove is that their system transmitted your money away from them, and they designed it that way.

if they dont cough up, go to the bank and tell them you know what a chargeback is, and you have a morgate etc with them, what hapened and that you are very pissed off.

in the uk the debit from the bank acc would be through a system that guarantees protection from fraud, so its no problem.

saying 'you gave your pasword out is crap' its like an insurance company saying you let a burgler get you car keys and nick your car, or you let that chinese person in the downtown restaurant swipe your ccard details because you let it go out of eye sight.

if they totally screw you contact the media saying you just want your money back.

 

[rbhawcroft]

a chargeback is a forced refund where your credit card acc issuer (normally your chacking bank but i think paypal here) forces a refund against say the bank of a porn site that ripped you off (per example), paypal would thenbe eligible to get its money from the (claimed against) transaction accepter, however paypal seems to be the transaction accepter here (er, conflict of interst anyone? er financial compliance issues/ visa/ master card jitters anyone?) so figure out if the interbank agreement that allows them to debit your card has a fraud guarantee, its their system, its their problem, they have had over 150m in vsc funding so its not like the money isnt there for the time being, hehe. also its a public company with a controvertial post bang ipo, so the press would maybe like some dirt.

 

[gwlam12]

sorry to bring this back from the dead....but i am contemplating about verifying myself with my checking acct.

for those of you who put $1 in ur checking account to prevent urselves from losing a lot of money...isnt it still possible for u to lose 1600 like tamade did? after all, he did say that he got put in the negative....so i dont see how putting $1 in there is gonna help you any. yup, that's my question.

 

[bonk102]

this is why my paypal checking account has a mere $60 in it, if i do get screwed, oh well, it's only $60. and i can always fight to get it back,

 

[rbhawcroft]

well just only allow them to credit your check acc and not debit it, and only let them debit your cc card upto a fixed amout of say 100usd in a day.

 

[jimmyhaha]

question of newbie...

1. someone send me paypal
2. I will NOT be paypal verified unless I tied my checking a/c to my paypal a/c ?
3. If u are NOT paypal verified, u cannot SEND money to someone using non-cc paypal ?
4. If I don't tied my check a/c with paypal, how can I move my $$$ from my paypal to somewhere ?

puzzled..

 

[Robor]

I just pulled my CC and checking account info from my PayPal account. I haven't used it in a while anyway and even if the risk is minor it's one I'd rather not take. Glad to hear you got your $$$ back and thanks for the warning, tamade.

 

[sugajay]

That's a sweet R6.

 

[Squisher]

People who have never even used the internet are the victums of identity theft every day, credit cards, bank accounts, bills, drivers licenses, or being charged for crimes in far away places

Why is this the fault of Paypal?

Although, I can't see why a Paypal account NEEDS to be tied to a bank account. I mean I wouldn't mind sharing a certain level of information to setup an account. That info should be in a Paypal computer that isn't even remotely accessable.